FortyOne Group
Description
FortyOne VC is an early-stage venture capital firm headquartered in Yerevan, Armenia, with a clear mandate to invest in global technology startups. Despite its Armenian base, the firm actively seeks out innovative solutions with worldwide potential, demonstrating a commitment to fostering technological advancement beyond its immediate geographical confines. FortyOne VC positions itself as a strategic partner, offering not just capital but also crucial support in the form of guidance, mentorship, and network access to its portfolio companies.
The firm primarily targets early-stage funding rounds, specifically focusing on pre-seed, seed, and Series A investments. This approach allows FortyOne VC to engage with companies at their foundational stages, helping to shape their growth trajectories from the ground up. Their typical initial investment size ranges from $100,000 to $1,000,000, indicating a sweet spot for startups that have moved beyond initial bootstrapping but are not yet ready for larger institutional rounds. FortyOne VC is notably sector-agnostic, preferring to evaluate opportunities based on the strength of the founding team, market need, and scalability of the technology, rather than adhering to specific industry verticals.
Beyond financial injection, FortyOne VC emphasizes its role in providing strategic value. The firm leverages its extensive network and operational expertise to assist portfolio companies in scaling rapidly and overcoming common early-stage challenges. This hands-on approach is designed to accelerate growth and enhance the probability of success for the startups they back. Furthermore, FortyOne VC plays a significant role in nurturing the burgeoning tech ecosystem within Armenia, supporting local founders while simultaneously attracting global talent and ideas to the region. Their portfolio includes several prominent Armenian tech companies that have achieved international recognition, underscoring their impact on the local and global startup landscape.
Investor Profile
FortyOne Group has backed more than 21 startups, with 2 new investments in the last 12 months alone. The firm has led 5 rounds, about 24% of its total and boasts 3 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in Switzerland, Germany.
- Strong thematic focus on Software, Information Services, Health Care.
- Led 1 rounds in the past year.
- Typical check size: $100K – $1M.
Stage Focus
- Seed (71%)
- Series A (10%)
- Series Unknown (5%)
- Series B (5%)
- Private Equity (5%)
- Series C (5%)
Country Focus
- Switzerland (90%)
- Germany (10%)
Industry Focus
- Software
- Information Services
- Health Care
- Information Technology
- Health Diagnostics
- Wellness
- Internet
- Sports
- Fintech
- Hospitality
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.
